At
the wee end of what was a busy trading day at the Coimbatore Stock
Exchange, Coimbatorebest.com spoke to
V Arunachalam, the President of the Exchange.
Currently, how many members are listed on the exchange and how
many companies are listed on it?
At present 193 members and 229 companies are listed on our exchange
Which have been the most active scrips of Coimbatore-based companies
at the CSX?
Elgi and KG are doing very well. But basically, we
have temporarily stopped our trading. We are merged with the National
Stock Exchange through Interconnected Software Exchange (ISE).
So, whatever we are having on the trading platform here is on the
ISE platform. The ISE is formed by 14 regional stock exchanges like
Cochin, Bangalore, Hyderabad, Indore, Lucknow, Baroda, Rajkot, Bhubhaneshwar
and other regional stock exchanges. As a constituent of ISE, we are
also trading in NSE.
What are the facilities offered to members at the Exchange?
15,000 square feet centralized air-conditioned trading hall, Reuters,
CNBC coverage and the latest information and news is provided
online. There is 24 hours power back-up and dissemination of information
is very systematic and proper. Whoever is a member of the Coimbatore
Stock Exchange is automatically eligible to trade on the National
Stock Exchange. If you are going to the NSE alone, it will cost more
than Rs 1 crore. On the other hand by investing just RS 10 lakh you
are enjoying the same facilities here.
What are the steps taken to improve investor awareness and promote
investor participation in CSX?
We have regular meetings and whoever approaches us, we are very free
in giving information and clarifying doubts. The library is stocked
with the latest business journals, SEBI (Stock Exchange Board of
India) publications and all the books from BSE(Bombay Stock
Exchange). A lot of people come here for reference also. There
is total transparency when it comes to dissemination of information.
What are your comments on options and futures trading in the commodities
market?
We tried initially, but it did not pick up. It did not do well in
the whole of the country. Because 'commodity' meant quality and commitment.
So when these factors were lacking, the options and futures trading
in the commodities market just did not pick up.
What are the highlights of your tenure as President of the Exchange?
It was during my present tenure that we introduced trading on the
NSE platform. The relationship with each of our members is very cordial.
We are ready to solve problems as much as it is within our means.
The key factor I would say is again the dissemination or flow of information.
What are the future plans of CSX?
Our plan is to improve benefits for our members, provide more information
or rather facilities I would say. We want to put VSAT so that
the members can trade from wherever they want. So if a member wants
to trade at Erode or some place, we want to make it possible for them.
With trading at BSE and NSE happening from all major cities, has
the significance of the regional exchanges dropped?
Naturally it is a fact. The NSE is available in over 400 cities in
our country. It has become like an STD booth. Wherever they
want to have trading they can. Previously only Chennai and Coimbatore
were there so if you wanted to trade you had to come to us. Now all
that is no more necessary.
At
the wee end of what was a busy trading day at the Coimbatore Stock
Exchange, Coimbatorebest.com spoke to 
promote
investor participation in CSX? 
